Bitcoin:
The overnight release of the US July CPI showed a year-on-year increase of 3.2%, reducing the possibility of a September rate hike by the Federal Reserve. The US stock market surged and then fell back, while Bitcoin rose to around 29700 before falling back to the upper edge of the original 29000-29500 range. Market volatility is low, and there is a deadlock between long and short positions. The intraday expectation remains mainly weak oscillation.
First resistance: 30000, Second resistance: 30500
First support: 29400, Second support: 28800
Trading strategy:
- Asset: Bitcoin
- Long position: near 29400
- Stop loss: 29200
- Take profit: 29800-30000
(Analysis is time-sensitive, for reference and discussion only, not as a basis for trading)
Ethereum:
The limited stimulation from the overnight release of US July CPI data caused Ethereum to rise to around 1870 before falling back, and it is currently operating near the upper edge of the original 1800-1850 range. This position coincides with the technical significance of the half-year line. Market sentiment is relatively low, and short-term intraday range oscillation is the main trend.
First resistance: 1900, Second resistance: 1950
First support: 1840, Second support: 1800
Trading strategy:
- Asset: Ethereum
- Long position: in the 1850-1840 range
- Stop loss: 1830
- Take profit: 1880-1900
(Analysis is time-sensitive, for reference and discussion only, not as a basis for trading)
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